But let's keep that for another day and let's enjoy today it's peace if mind cost. There is no room for regrets when the prices are pretty uniform. Then there’s the Powertrain tier level which only covers your car’s core parts such as your engine, transmission, brakes, and other important components. For example, cars under 3 years old with less than 36,000 total miles on them can be covered by all of Toyota’s extended warranty plans. I called up the dealer and paid the amount using the cr card, he said the warranty doc's will be sent to me directly from Toyota financial in 2 weeks time. An extended car warranty is an optional protection plan that covers vehicle repair costs after your factory warranty expires. You will also get a maximum of $100 for lodging and meals if your car breaks down 150 miles away from your home. An extra year (or three) of warranty insurance could make all the difference when it comes to protecting your Toyota for the long-term. jQuery('#affiliate-disclosure-popup button').click( function() { jQuery('#affiliate-disclosure-popup').fadeOut(); } ); Are the proud owner of a Toyota? The benefit is that it would cover the maintenance costs for the car. The Platinum tier is Toyota’s highest warranty level which covers the most number of parts. But the facts will speak for themselves. I know this includes breakdown cover but there seem to be so many exclusions for parts that fail due to … On a Toyota? It received an A+ from credit rating agency AM Best, is certified by the Vehicle Protection Association, and recently ranked on the 2019 Inc. 5000, which lists the most successful companies in America. for the extended warranty, All the dealer "Midwest Toyota" wanted was the vin # of the car and the number of miles driven. Toyota extended warranties can also be purchased at any time before the existing warranty ends. Extended warranties carry on the coverage for any vehicle repairs and replacements due to mechanical breakdown. 5 years/unlimited milesPowertrain Protection: Toyota Warranty From Jerry Thanks to this site: Sent Jerry a E-Mail, requested a Quote, imediate call back and an E-mail response. Coverages vary under Federal Individual pricing is subject to change based on the combination of make, model, year, and mileage as well as coverage level and term length. Its a Toyota. You don't pay for replacement parts or labour. (Hybrid battery coverage for 2020 models lasts 10 years/150,000 miles. I initially purchased the extended warranty for my 2014 Corolla. The Toyota Extended Warranty can be renewed until the vehicle is 12 years old or 100,000 miles (at the point of sale of the extended warranty) , and if a part covered by the Toyota Extended Warranty suffers electrical or mechanical failure at any time during the term, Toyota is committed to fixing it. As an example on their confidence, Toyota announced it will extend its hybrid battery warranty from 8 years / 100,000 miles to 10 years from date of first use/150,000 miles, whichever comes first. According to CARCHEX, you can get Toyota extended coverage for $56 a month.*. Im sure this has been done many times but is an extended warranty worth the money? Your actual Toyota extended warranty cost depends on several factors: Vehicle Age and Mileage A good 21% of owners have engine problems. Also, Toyota’s extended warranty tops out at 10 years/125,000 miles. Designed for vehicles with high mileage, protecting important components like the engine, transmission and drive axle, The most affordable coverage option, covering the most vital and most expensive components, including the engine, transmission, transfer case, drive axle, fuel and turbo/supercharger, A higher level of coverage that covers steering, electrical and braking systems, The highest level of stated component coverage available, providing comprehensive protection for hundreds of car parts, Exclusionary coverage for the maximum protection from any breakdowns (most similar to the original factory warranty), With more than 20 years of doing business under its belt, CARCHEX is one of the leading third-party car warranty providers. Like most manufacturers with extended warranty plans, Toyota doesn’t publish its prices. The plan lasts for up to 6 years and 100,000 total miles, covering any repairs or replacements of your vehicle’s engine, transmission and other components. (3S) All contents copyright © 2009-2020, The Detroit Bureau. This list will come in handy in case you experience a specific component issue. Daily car rental reimbursement for up to $35. “On average, you’ll pay about $1,500 on an extended warranty, and the average repair is $180. If I can get extended warranty for couple of more years with reasonable rates like within 1000 to 1250 it certainly makes sense to spend that much on it. Here are our recommendations. Carshield also offers 32 vehicle service contracts to match your budget, your car, and your lifestyle. My last Toyota didn't cost me anything at all in repairs in 6 years. In fact, there are many third-party companies offering warranty plans that are cheaper and customizable to your needs. I initially purchased the extended warranty for my 2014 Corolla. If a breakdown prevents you from using your car, you’re also entitled to reimbursements for rental cars up to $35 per day, and meals and lodging up to $50 per day, if more than 150 miles from home (for a maximum of four days over the warranty). Offer 6 years/100,000 miles coverage, whichever comes first. , which lists the most successful companies in America. The extended warranty my dealer offered was 7 year 100k miles bumper to bumper. We like that you don’t have to worry about submitting any claims – Toyota will pay the dealer directly. If the Toyota is so reliable, why will you need an extended warranty? Read the results of a Consumer Reports survey and learn what to do if you decide to buy a car extended warranty. 1) What Is an Extended Warranty? Your warranty is also transferrable to second owners. The Toyota extended warranty represents better value than most in my opinion (which is bias)... At other manufacturers, the warranty and the maintenance plan are separate purchases. 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